Unify Highlight Statement Of Work For Free

The Statement of Work (SOW) is attached to a Sponsored Research Agreement or a Subcontract/Sub-award Agreement and describes the work to be performed. The SOW should describe the tasks to be performed, the deliverables to be provided to the sponsor and the dates the deliveries are to be made.

The statement of work (SOW) is a legally binding document that captures and defines all the work management aspects of your project. You'll note the activities, deliverables and timetable for the project.

The SOW is the heart of the contract. At the heart of the SOW are the objectives, the tasks that perform the work to implement the objectives and the deliverables that achieve the objectives and goals of the project.

These are the steps you can take to create a simple, but well-defined statement of work. Introduce the project. ... Define the vision. ... Set the project requirements. ... Define the scope. ... Set the deadline of the project. ... Allocate key resources. ... Create the schedule. ... Specify the terms of payment and due dates.

A statement of work is legally binding, but it is not the final, formal contract signed at the end of the contracting process. It can be thought of as the formal foundation of a final contract.

There are three main types of statement of work: Functional SOW. Performance SOW. Design SOW.

That said, almost all SOWs will include seven elements: the Scope of Work, deliverables, time and resources, payment terms, client services, changes, and terms and conditions.